Leave a comment and share Chuks Udo Okonta For underwriters to uphold high professional standards they must relinquish their interest in loss adjusting; brokerage; loss assessing and pre-loss survey firms, a group has canvassed. The Fire Office Committee of the Nigerian Insurers Association (NIA) made the recommendation in a report […]
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Leadway partners NBA, provides N1m cover for members
Leave a comment and share Chuks Udo Okonta Leadway Assurance Limited has sealed a partnership deal with the Nigerian Bar Association (NBA), which will provide insurance cover up to N1 million for member of the legal profession. The deal was sealed during the week long 2017 NBA General Conference which […]
Insurers pay brokers, agents N31.56bn commission
Leave a comment and share Chuks Udo Okonta Insurance companies paid N31.56 billion as commission to brokers and agents in 2015, Inspen can report. According to a report obtained from the Nigerian Insurers Association (NIA), Non-Life operators paid N22.27 billion out of gross premium income of N178.49 billion and Life […]
Law Union & Rock Insurance appoints Sogelola as executive director
Sogelola Law Union and Rock Insurance Plc. has notified the Nigerian Stock Exchange (NSE) and the investing public of the appointment of Olasupo Sogelola as an Executive Director (Operations/Technical). The appointment has been approved by the National Insurance Commission (NAICOM)Inspen can report. Sogelola is an accomplished Executive who has over […]
Lagos harps on efficient pension administration
Governor Ambode Pension administration in Nigeria has been haphazardly handled over the years, resulting in huge pension arrears and the subjection of pensioners to untold hardship, Lagos State Governor, Akinwunmi Ambode, has said. According to him, this calls for reforms across board on pension matters, stressing that Lagos State Government […]
Insurers in Nigeria advised against reliance on brokers
By Marianne Lehnis The tendency for most insurance brokers to focus on big ticket government business is responsible for the low level of insurance penetration in the country, the Executive Vice Chairman of Insurance Brokers of Nigeria, (IBN), Prosper Okpue, said in an interview with Financial Vanguard. The IBN executive […]
Lagos State pays N740m accrued pension rights to 255 retirees
Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has disbursed N742 million to 255 retirees in the month of August, 201, Governor Akinwunmi Ambode, has said. The Governor, who was represented by the Commissioner for Establishments, Training and Pensions, Dr. Akintola Benson Oke at the […]
Brokers eye software to enhance regulatory compliance
From left: President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren; Managing a Director Zenith-Prudential Insurance Life Limited, Chuks Igumbor; Yeside Kazeem of Prudential and Managing Director Zenith Insurance Company Limited, Ebelechukwu Nwachukwu at an event. Leave a comment and share Chuks Udo Okonta The governing board […]
Allianz acquires Ensure Insurance Plc
Leave a comment and share Chuks Udo Okonta • Allianz now present in 17 countries across Africa • Acquisition in line with Allianz’s growth ambition in Africa • Pending regulatory approvals, transaction expected to close end of 2017 Allianz Group announced today a binding agreement to acquire 98 percent of […]
SPEECH DELIVERED BY THE PRESIDENT OF THE NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS, MR. EMMANUEL KAYODE OKUNOREN, FIIN, FCIB AT THE AUGUST 2017 EDITION OF NCRIB MEMBERS’ EVENING
From left: President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren; Managing a Director Zenith-Prudential Insurance Life Limited, Chuks Igumbor; Yeside Kazeem of Prudential and Managing Director Zenith Insurance Company Limited, Ebelechukwu Nwachukwu at the event. SPEECH DELIVERED BY THE PRESIDENT OF THE NIGERIAN COUNCIL OF REGISTERED […]
